SFL Acquires Eight Capesize Bulkers
Ship Finance International Limited today announced the agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited ("Golden Ocean").
Aker Solutions 1Q 2015 Revenue Up
Aker Solutions announced their Financial Results for the first quarter of the current calendar year. * EBIT margin ex. Aker Solutions' revenue rose 14 percent to…
MacGregor Delivers Major Winch for Korean Heavy Lift Barge
Following an order announced in October 2013, MacGregor, part of Cargotec delivered and commissioned 45 variable frequency drive (VFD) winches and a full control…
Coast Guard Foundation Donates for New Playground
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families,announced today its support…
Tin Hau Festival on 11 May 2015
Coxswains, owners and operators of local vessels are advised that arrangements for embarkation and disembarkation will only be made at the western side of the main pier of Tai Miu Wan…
Iran Seizes Cargo Ship
Iran seized a Western commercial cargo ship in the Persian Gulf early Tuesday and ordered it to sail into Iranian territorial waters. Pentagon says MV Maersk Tigris…
Finland Fires at Suspected Foreign Submarine near Helsinki
A report by the AP said that the Finnish military says it has dropped depth charges onto a suspected submarine in the sea outside Helsinki after twice detecting…
EU Adopts New Ship CO2 Reporting Rules
Members of the European Parliament (MEPs) have supported draft EU rules requiring ship-owners using EU ports to monitor and report CO2 emissions each year. The text…
MAIB Blames 'Structural Weakness' in Cheeki Rafiki Capsize
An accident report into the loss of the Cheeki Rafiki mid-way through a transatlantic crossing last May, found that undetected damage to fittings around the keel…
Cargotec to Sack 220 at MacGregor
Finnish cargo-handling machinery maker Cargotec announces savings measures in its subsidiary MacGregor to respond to the weakening market situation due to the low…
DHT Tops 1Q Forecasts
DHT Holdings declares $0.15/share quarterly dividend, 200% increase from prior dividend of $0.05. The Hamilton, Bermuda-based Company said it had profit of 25 cents per share.
Spain: 156 Passengers on Burning Ferry Evacuate
Spain's development ministry has said that a fire broke out on a ferry as it journeyed from Palma on the island of Majorca to Valencia in Spain. Spanish media reported…
Seized Ship Being Escorted to Iran's Bandar Abbas
A cargo ship seized by Iran's Revolutionary Guards forces is being escorted to the Iranian port of Bandar Abbas after it was approached in international waters,…
Moran Iron Works Builds Two Barges for Durocher
Moran Iron Works (MIW) launched two ocean going deck barges last week for Durocher Marine, a division of Kokosing Construction Company Inc. The two deck barges are 180' X 54' X 12' and built in accordance with the American Bureau of Shipping (ABS) and United States Coast Guard (USCG) regulations and classifications. KOKOSING IV launched on Monday, April 20 and KOKOSING III launched Tuesday, April 21 at the deep water port at Calcite in Rogers City…
Iranian Forces Fire On, Board Cargo Ship in Gulf
Iranian forces boarded a Marshall Islands-flagged cargo ship in the Gulf on Tuesday after patrol boats fired warning shots across its bow and ordered it deeper into Iranian waters, the Pentagon said. U.S. planes and a destroyer were monitoring the situation after the vessel, the MV Maersk Tigris, made a distress call in the Strait of Hormuz, one of the world's most important oil shipping channels.
Iran: Revolutionary Guards Seized Ship for Legal Reasons
Naval units from Iran's elite Islamic Revolutionary Guards Corps (IRGC) seized a cargo ship in the Gulf on Tuesday for legal reasons, an IRGC source was quoted as saying by state news agency IRNA.
Deadly Fire on Pemex Oil Platform to Cost up to $780m
Losses associated with a deadly explosion on an offshore oil platform owned by Mexican state-run company Pemex will total as much as $780 million, a source close to the discussions said on Tuesday.
Jeffersonville Port Sets Quarterly Shipping Record
The Port of Indiana-Jeffersonville recorded the highest quarterly shipments in its 30-year history during the first quarter of 2015. Cargo volume exceeded 800,000 tons…
Navy Awards Contract for Passenger Terminal Renovation in Hawaii
Naval Facilities Engineering Command (NAVFAC) Hawaii awarded a $20.5 million firm-fixed-price task order under a multiple award construction contract April 27 to Insight Pacific LLC…
Committee to Consider Coast Guard Authorization Bill
The U.S. Committee on Transportation and Infrastructure, chaired by U.S. Rep. Bill Shuster (R-Pa.), will mark up legislation this week that authorizes United States…
